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  1. Home
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  3. Oracle Cut Up to 30,000 People Via Email. Here Is What the Severance Actually Looked Like

Oracle Cut Up to 30,000 People Via Email. Here Is What the Severance Actually Looked Like

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  • edE Offline
    edE Offline
    ed
    wrote on last edited by
    #1

    cc2f49a9-2620-4284-8f1b-7ab6a3aff6f3-image.png

    Oracle's mass layoff on March 31, which affected an estimated 20,000 to 30,000 employees, began without warning for most of those affected. One former employee described the experience to TechCrunch: a strange feeling, a failed VPN login, a friend confirming their Slack account had been deactivated, and then an email stating their role was terminated immediately. The severance offer arrived a few days later. Oracle's terms followed what the company considered standard Corporate America practice: four weeks of pay for the first year of service, plus one additional week per year, capped at 26 weeks, and one month of COBRA health insurance coverage. On paper, those terms sound reasonable. In practice, they left many affected employees significantly worse off than the headline numbers suggested.The critical issue was stock compensation. At Oracle, RSUs often make up the majority of total compensation for long-tenured employees, and the company declined to accelerate any unvested shares. Whatever had not vested by the termination date was forfeited entirely, regardless of how close employees were to their next vesting date. Time reported that one long-tenured employee lost $1 million in stock that was just four months from vesting, with RSUs representing approximately 70% of his total compensation.

    Oracle also classified a portion of affected workers as remote employees — including some who worked hybrid schedules near an office — which allowed the company to sidestep WARN Act protections in states without stronger worker provisions. Some employees were not even aware they had been classified as remote workers. At least 90 people signed a petition urging Oracle to match the more generous terms offered by Meta, Microsoft, and Cloudflare during their own recent layoffs. Oracle declined to negotiate, declined to comment to TechCrunch, and the severance terms stood as offered.

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    • mendezM Offline
      mendezM Offline
      mendez
      wrote on last edited by
      #2

      Failed VPN login told employees they were fired before any official communication did, very humane process

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      • mendezM Offline
        mendezM Offline
        mendez
        wrote on last edited by
        #3

        RSU forfeiture representing 70% of total compensation loss makes Oracle's cash severance figure essentially misleading as headline number

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